Use graphical approximation techniques to answer the question. when would an ordinary annuity consisting of quarterly payments of $688.20 at 6% compounded quarterly be worth more than a principal of $8600 invested at 6% simple interest?
An IRA has 14,000 in it the owner decides not to add more money to the account other than the 4% interest compounded daily. how much will be in the account 30 years from now?
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